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FedEx Logistics HQ

Category: Projects

FedEx Logistics HQ

145 George W Lee Ave
Memphis, TN

A renovation of the Gibson guitar factory & museum into the headquarters for FedEx Logistics. The headquarters will eventually house over 600 workers, and will feature ground-level retail.

Property NameGibson Guitar
Project Cost$62,522,503
DeveloperSomera Road
ContractorGrinder Taber Grinder
ArchitectLRK, OGCB
SF Developed194,467
Total MWBE$11,342,503
EBO Percent CTD1.00
Office SF194,467
Approval Date2019-02-12
Expected Completion2020
Year Opened2021


PILOT Details

LesseeSomera Road-Gibson Memphis, LLC
Lessee Addressc/o Somera Road Inc., 130 West 42nd Street, Suite 1001, New York, NY 10036
Term22 Years
Approval DateFebruary 12, 2019
Close Date7/26/2019 0:00:00
Term Date2/3/2045 0:00:00
Term Mos264.00
Status From DateActive
Expected Term Date2/3/2045 0:00:00
Remaining PILOT Years20.87
Pilot Documents
Instrument #19076680
July 26, 2019 - Amended and Restated Lease

CCDC Grant Details

Grant ProgramGeneral Grant
Grant RecipientFedEx Logistics
Grant Amount$1,000,000
Grant Approval DateFebruary 12, 2019